Representatives of Marangoni's Indian joint venture with a team from its new franchisee Xtramiles
The Indian joint venture of OTR (off the road) retread tyre specialist Marangoni
has signed up Chennai-based Xtramiles as a full-service franchisee for Marangoni's RINGTREAD retreading technology.
The JV company, Marangoni GRP Private Limited (MGPL), has opearted in India since 2015 and now has four franchisees in the country with four more in various stages of commissioning.
“Since 1976 when the RINGTREAD was ‘born’, it has redefined the very nature of retreaded tyres by providing superior performance close to that of new tyres," said Group Marangoni VP Giuseppe Marangoni at the Xtramiles signing. "A simple idea of a ‘ring’ that is made round compared to ‘flat’ tread in vogue in the market, is now acknowledged as the technology leading product."
He added that Marangoni sees great potential for growth in India and that the company continues to invest in the market.
MGPL director Harsh Gandhi said: “Post setting up franchisees in Karnataka, Haryana and Kerala over the last 12 months, we wanted to come to a metro city with a vast population of large, quality conscious and discerning fleets.
"With the establishment of Xtramiles at Chennai, we have now entered the league of large trucking centres. In Xtramiles, we have a bunch of young entrepreneurs with diverse backgrounds in IT, banking sales and transportation who believe that they can offer a compelling ‘product + service’ offering to chart out a different course from the usual. India’s retreading industry needs new ideas to move forward and MGPL expects to be at the forefront of such initiatives.”